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Wilmington Luncheon:   Mental Accounting in Retirement

Event Description

Mental Accounting comes naturally to all of us.  We allocate each paycheck to many different buckets;  25% to housing, 25% to food, 25% to loans and, of course, another 50% to entertainment.  As you can see, we are not necessarily the best mathematicians. If we make a mistake when we are young, we have plenty of opportunities to recoup. 

 
Mental Accounting in Retirement involves a key change in mindset.  Time is no longer on our side and (hopefully) our level of wealth is higher.  Rather than allocate some funds to many buckets we propose fully funding one bucket before moving on to the next. 
 
This one simple change creates a framework that enables people to answer the age old question, How much guaranteed lifetime income do I need? 

Our presenter is Diane Garnick of TIAA.   Diane is Managing Director and Chief Income Strategist at TIAA -the leading financial services provider for the not-for-profit market offering a wide range of financial solutions, including investing, banking, advice and guidance, and retirement services.

An industry thought leader with two decades of experience structuring retirement and investment solutions, Ms. Garnick is responsible for advancing the strategy, development, and modernization of TIAA's lifetime income solutions across the firm's portfolio of products and services. In this role she is also charged with helping to simplify the complexities surrounding lifetime income products for the thousands of institutions and millions of individuals TIAA serves.

Prior to joining TIAA, Ms. Garnick served as a global investment strategist at State Street Global Advisors and Invesco. She was also a member of the top-ranked Institutional Investor Equity Derivatives research team at Merrill Lynch. Ms. Garnick serves on the board of the CFA Institute Research Foundation, is a member of the Editorial Board for the Journal of Retirement, volunteers for Habitat for Humanity, and chaired the CHRISTUS Healthcare Investment Committee. Ms. Garnick earned a bachelor's degree in accounting from Hofstra University, and a master's degree in finance & strategy from the University of Chicago Booth School of Business.  She is a Certified Public Accountant.

Click here to register.

Speaker

Diane Garnick, CPA

Event Type

Society

Education Topic

Behavioral Finance

Start Time

10/11/2017 12:00 PM

End Time

10/11/2017 1:30 PM

Event City

Wilmington

Event State/Province

DE

Location Info

Hotel DuPont

42 West 11th Street

Wilmington, Delaware ​

CE Credits

N/A

Member Price

$25.00

Non-Member Price

$40.00

Candidate Price

$25.00

Registration

 

All Day Event

 

Recurrence

 

Attachments

Content Type: MyCFA Calendar
Created at 8/14/2017 11:54 AM by pconners@cfaphil.org
Last modified at 8/14/2017 11:54 AM by pconners@cfaphil.org